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IRVINE, CA—The number of US homes repossessed by banks rose 4% in April from a year ago, despite the fact that total US foreclosure activity decreased 1% from the previous month and 20% from April 2013. According to a report from RealtyTrac, bank REOs were reported on 115,830 properties nationwide last month, and one in every 1,137 housing units had a foreclosure filing during April.

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